ISLAMABAD: The Ministry of Finance has ordered the abolition of vacant and redundant posts lying idle for more than three years. The decision aims to reduce government expenses in line with the Financial Management and Powers of PAOs Regulations, 2021.
A circular issued by the Finance Division directed all ministries, divisions, and departments to identify such posts and submit the details. Employee-related expenses (ERE) claims will only be processed if supported with detailed documentation, as per the circular.
No New Posts Without Approval
The Finance Division has also restricted the creation of new posts without prior approval. Ministries and departments must ensure that the total number of posts matches the records provided in BO/NIS forms and Form-X.
All relevant organizations are required to submit copies of sanction letters and approval documentation. The Expenditure Wing of the Finance Division will endorse the required forms.
Read More: Overseas Pakistanis Reject PTI’s Civil Disobedience Call
Quarterly Budget Plans for Funds and FE Allocation
The Finance Division has instructed Principal Accounting Officers (PAOs) to prepare quarterly fund requirement plans. These plans will help frame the Budget Release Strategy for FY2025-26. Adequate funds must be allocated for maintaining physical infrastructure and assets.
For foreign exchange (FE) budgeting, ministries and departments must provide detailed estimates for FY2025-26. The estimates will include expenditure, revised estimates, and foreign exchange requirements. All forms, including FEB Forms XVI-XXI, must be submitted by May 7, 2025.
Requests for foreign exchange allocations must include itemized details and justification. No foreign exchange will be allocated without an equivalent rupee cover. Development programmes included in the Public Sector Development Programme (PSDP) and provincial Annual Development Programmes will be prioritized for foreign exchange allocation.
The Finance Division emphasized that funds should not be proposed for the import of locally available items. Provincial finance departments will coordinate foreign exchange requirements for their provinces and ensure proper approvals for development schemes.
Follow Day News on Google News, Instagram, YouTube, Facebook, Whats App, and TikTok for latest updates